Hedge Fund Glossary

no, this is not a bad TV sitcom. When a previously solvent Borrower gets close to insolvency, the courts have held that the board of directors’ fiduciary duties morph to include the Borrower’s creditors. Prior to entering the Zone of Insolvency, Borrowers do not owe their creditors any fiduciary duties.

Latham & Watkins is pleased to provide our Book of Jargon® — Hedge Funds. The Book of Jargon® — Hedge Funds
is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.